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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 1,252,101 $ 1,318,290
Restricted cash 100,963 86,559
Receivables, less allowance for doubtful accounts of $103,654 and $92,354 at September 30, 2023 and December 31, 2022, respectively 5,707,977 5,326,807
Warehouse receivables 1,010,659 455,354
Contract assets 407,652 391,626
Prepaid expenses 324,493 311,508
Income taxes receivable 179,653 81,528
Other current assets 343,114 557,009
Total Current Assets 9,326,612 8,528,681
Property and equipment, net of accumulated depreciation and amortization of $1,520,669 and $1,386,261 at September 30, 2023 and December 31, 2022, respectively 851,739 836,041
Goodwill 4,961,501 4,868,382
Other intangible assets, net of accumulated amortization of $2,097,149 and $1,915,725 at September 30, 2023 and December 31, 2022, respectively 2,064,321 2,192,706
Operating lease assets 998,733 1,033,011
Investments in unconsolidated subsidiaries (with $920,655 and $973,635 at fair value at September 30, 2023 and December 31, 2022, respectively) 1,316,395 1,317,705
Non-current contract assets 95,418 137,480
Real estate under development 431,817 172,253
Non-current income taxes receivable 71,526 51,910
Deferred tax assets, net 332,424 265,554
Other assets, net 1,236,931 1,109,666
Total Assets 21,687,417 20,513,389 Close
Current Liabilities:    
Accounts payable and accrued expenses 2,901,451 3,078,781
Compensation and employee benefits payable 1,285,717 1,459,001
Accrued bonus and profit sharing 1,180,446 1,691,118
Operating lease liabilities 238,904 229,591
Contract liabilities 263,093 276,334
Income taxes payable 161,808 184,453
Short-term borrowings:    
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase) 994,119 447,840
Revolving credit facility 673,000 178,000
Other short-term borrowings 4,795 42,914
Total short-term borrowings 1,671,914 668,754
Current maturities of long-term debt 0 427,792
Other current liabilities 163,311 226,170
Total Current Liabilities 7,866,644 8,241,994
Long-term debt, net of current maturities 2,795,855 1,085,712
Non-current operating lease liabilities 1,059,631 1,080,385
Non-current income taxes payable 30,428 54,761
Non-current tax liabilities 141,255 148,806
Deferred tax liabilities, net 268,086 282,073
Other liabilities 1,064,629 1,013,926
Total Liabilities 13,226,528 11,907,657 Close
Commitments and contingencies 0 0
CBRE Group, Inc. Stockholders’ Equity:    
Class A common stock; $0.01 par value; 525,000,000 shares authorized; 304,750,283 and 311,014,160 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 3,048 3,110
Additional paid-in capital 0 0
Accumulated earnings 8,724,653 8,832,943
Accumulated other comprehensive loss (1,043,685) (982,780)
Total CBRE Group, Inc. Stockholders’ Equity 7,684,016 7,853,273
Non-controlling interests 776,873 752,459
Total Equity 8,460,889 8,605,732 Close
Total Liabilities and Equity $ 21,687,417 $ 20,513,389